'Trading Nation' Traders Debate Match And Bumble

On CNBC's "Trading Nation," Ari Wald of Oppenheimer and Boris Schlossberg of BK Asset Management spoke about Match Group Inc MTCH and Bumble Inc BMBL.

Schlossberg said it's a pretty good thesis that we're going to get an increase in demand for dating apps, but both Match Group and Bumble are very expensive and you need at least a three to five-year outlook. He prefers Match over Bumble.

Wald said both stocks don't have a lot of price history, but they should work just on a bullish outlook on the market overall and communication sector. Match has been correcting since February and it's currently trading below its 100-day moving average, which is now a resistance. He expects both stocks to exceed their February highs in the next 12 months.

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Posted In: MediaTrading IdeasAri WaldBoris SchlossbergCNBCTrading Nation
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